SOURCE: Qualmark Corp.

November 07, 2007 09:17 ET

Qualmark Provides Company Update

DENVER, CO--(Marketwire - November 7, 2007) - Qualmark Corporation (OTCBB: QMRK), a world leader in designing, manufacturing and marketing HALT (Highly Accelerated Life Testing), HASS (Highly Accelerated Stress Screening) and electrodynamic systems, is pleased to provide a corporate update regarding a number of initiatives and recent accomplishments.

-- The electrodynamic systems business segment, Ling Electronics, continues
   to expand its customer base and market penetration.
-- The Company has been successful in converting Q3 bids into sales.
-- Most recent HALT/HASS Typhoon Chambers sales include:
    -- One Typhoon 3.0 to a Korean Technical Institute
    -- Two Typhoon 3.0s to a Fortune 100 company
    -- Two Typhoon 4.0s to one of the world's largest contract
    -- One Typhoon 3.0 to one of the largest makers of set-top boxes,
       digital video recorders, cable modems and network transmission
       and distribution equipment. The client is also a subsidiary of
       a Fortune 100 company.

Charles Johnston, CEO and President, stated, "Our sales and marketing efforts have been focused on boosting sales by increasing the industry's awareness of Qualmark and the products we design and manufacture that reduce utilization costs and speed-up the process for product development. We will continue our aggressive sales and marketing efforts by seeking out new sales opportunities in which we can offer our unique suite of products and services. I am pleased with the start of the fourth quarter however, we are cautiously optimistic as the industry continues to face some economic concerns."

Qualmark Corporation, headquartered in Denver, Colorado, is the leader in designing, marketing, and manufacturing accelerated life-testing systems (HALT and HASS) providing the world's largest corporations with solutions that improve product reliability and allow them to get to market faster. The Company has installed more than 600 of its proprietary testing systems in 30 countries. The Company operates and partners with ten testing facilities worldwide.

The Company also offers electrodynamic vibration solutions through its subsidiary, Ling Electronics.

Ling Electronics, headquartered in West Haven, Connecticut is the leader in supplying electrodynamic systems, components, and service to the worldwide vibration test equipment market.

The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission filings; downturns in the Company's primary markets; variability of order flow, future economic conditions; competitive products and pricing; new product development; disruptions in the Company's operations from acts of God or extended maintenance; transportation difficulties; or the delivery of product under existing contracts and other factors.

Contact Information

  • Contact:
    Qualmark Corporation
    Charles Johnston
    President and CEO
    Anthony Scalese

    Investor Relations
    Andrew Barwicki